B. Riley Research Analysts Raise Earnings Estimates for RWAY

Key Points

• B. Riley Research has raised its FY2026 earnings estimate for Runway Growth Finance Corp. to $1.54 per share, up from $1.53, while maintaining a "Buy" rating with a target price of $12.00.
• The company's recent earnings report revealed a quarterly EPS of $0.38, which was below the consensus estimate of $0.39, despite revenues exceeding expectations at $35.15 million.
• Runway Growth Finance announced an increased dividend of $0.36 per share, indicating a substantial dividend yield of 1,200.0% for shareholders of record by August 18th.

Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) - B. Riley lifted their FY2026 earnings estimates for Runway Growth Finance in a note issued to investors on Sunday, August 10th. B. Riley analyst S. Adams now forecasts that the company will post earnings per share of $1.54 for the year, up from their prior estimate of $1.53. B. Riley currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for Runway Growth Finance's current full-year earnings is $1.67 per share.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). The business had revenue of $35.15 million for the quarter, compared to analysts' expectations of $34.27 million. Runway Growth Finance had a return on equity of 11.86% and a net margin of 51.03%.

RWAY has been the topic of a number of other reports. UBS Group restated a "buy" rating and set a $12.50 target price (up from $11.50) on shares of Runway Growth Finance in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lowered their price objective on shares of Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $9.50 price objective (down from $10.00) on shares of Runway Growth Finance in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Runway Growth Finance presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

Runway Growth Finance Stock Performance

Shares of RWAY opened at $10.96 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.03. The firm has a market cap of $396.97 million, a PE ratio of 5.77 and a beta of 0.70. The company's 50 day simple moving average is $10.62 and its 200-day simple moving average is $10.42. Runway Growth Finance has a 12-month low of $8.35 and a 12-month high of $11.73.

Runway Growth Finance Increases Dividend

The business also recently announced a -- dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.36 per share. This represents a dividend yield of 1,200.0%. The ex-dividend date is Monday, August 18th. This is an increase from Runway Growth Finance's previous -- dividend of $0.03. Runway Growth Finance's payout ratio is presently 69.47%.

Institutional Investors Weigh In On Runway Growth Finance

Several institutional investors have recently made changes to their positions in RWAY. LPL Financial LLC boosted its position in shares of Runway Growth Finance by 3.6% during the 4th quarter. LPL Financial LLC now owns 26,776 shares of the company's stock worth $293,000 after purchasing an additional 940 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Runway Growth Finance during the 4th quarter worth $2,261,000. Wells Fargo & Company MN boosted its position in shares of Runway Growth Finance by 920.3% during the 4th quarter. Wells Fargo & Company MN now owns 17,356 shares of the company's stock worth $190,000 after purchasing an additional 15,655 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Runway Growth Finance during the 4th quarter worth $734,000. Finally, Townsquare Capital LLC boosted its position in shares of Runway Growth Finance by 10.1% during the 4th quarter. Townsquare Capital LLC now owns 64,873 shares of the company's stock worth $711,000 after purchasing an additional 5,958 shares in the last quarter. 64.61% of the stock is currently owned by hedge funds and other institutional investors.

Runway Growth Finance Company Profile

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.

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